3636 172nd St · Lansing, IL 60438

$49,000

3 bd · 1.0 ba · 1,166 sqft · SingleFamily public records · 124 Days on market

Built 1952 0.40 ac lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

Key facts

• Established area
• New construction
• Oversized lot

Tags

• OVERSIZED LOT
• SCENIC LOT
• QUIET NEIGHBORHOOD
• NEW CONSTRUCTION
• ESTABLISHED AREA

Property features AI

Finance

• HOA & community: No master association fees required

Exterior

• Parking: 2 owned parking spaces
• Utilities: Water from Lake Michigan and public supply; Public sewer
• Home design: Detached single-family home; One-story; Fee simple ownership; Built before 1978
• Construction: Aluminum siding; Estimated age: 71–80 years
• Exterior features: Lot dimensions approximately 115 x 150; Lot about 0.25–0.49 acre

Interior

• Kitchen: Kitchen (main level, 14 x 14)
• Bedrooms: 3 bedrooms (all on the main level); Master bedroom on the main level (16 x 14); Bedroom 2 on the main level (14 x 12); Bedroom 3 on the main level (11 x 10)
• Bathrooms: 1 full bathroom
• Heating & cooling: Natural gas heating
• Interior features: 5 total rooms
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $49k.

Deal economics

• At list price, monthly cash flow is $461 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $49k).
• Recommended offer: $43k (12.0% below list) — sets the bar for market timing.
• Cap rate 28.8% vs local median 5.8% in Lansing — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#296 in IL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D+, crime D+, health & safety D+.
• Thornton Fractional Twp Hsd 215 (suburban): math 9% / reading 13% proficiency, ranked #563 of 620 in IL (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 132 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 6,272 units permitted in Cook County in 2024 (4,658 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $339 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 124 days — a 12% lower offer ($43k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $32k; list at $49k implies a 56% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo; built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $43,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 124 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.25% ✓
• Cap rate: 28.85%
• Cash-on-cash: 80.55%
• DSCR: 4.58
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $163,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1678 State Line Rd	0.13mi	3/1.0	1,126 (-3%)	3mo	$158,000	$140	86
35 166th Pl	0.28mi	4/1.0 (+1)	1,217 (+4%)	1mo	$149,500	$123	74
1531 Lincoln Ave	0.44mi	3/1.0	1,109 (-5%)	1mo	$170,000	$153	71
1636 State Line Rd	0.18mi	3/3.0	1,084 (-7%)	2mo	$241,000	$222	70
3351 171st St	0.37mi	3/1.5	1,231 (+6%)	1mo	$219,900	$179	70
17526 Shirley Dr	0.52mi	3/1.5	1,175 (+1%)	3mo	$120,000	$102	70
1450 Forest Ave	0.62mi	3/1.0	1,147 (-2%)	3mo	$105,000	$92	66
17204 Bernadine St	0.18mi	3/2.0	1,340 (+15%)	1mo	$234,000	$175	62
17518 Roy St	0.65mi	2/1.0 (-1)	1,200 (+3%)	0mo	$160,000	$133	60
16 164th Pl	0.56mi	4/1.5 (+1)	1,122 (-4%)	2mo	$85,000	$76	59
116 163rd St	0.74mi	3/1.0	1,125 (-4%)	1mo	$61,500	$55	59
1473 Wentworth Ave	0.54mi	3/2.0	1,300 (+12%)	3mo	$210,000	$162	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.0%
• Equity multiple: 2.58×
• Total profit: $21,701
• Equity at exit: $7,306

10-year hold

• IRR: 43.8%
• Equity multiple: 5.22×
• Total profit: $57,916
• Equity at exit: $4,237

Cash invested: $13,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 43 Moderately Tenant-Leaning
• State Illinois: 43 Moderately Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Chicago RTLO is among the strongest tenant ordinances in the Midwest; downstate is more landlord-friendly.

Methodology + full state rankings →

ZIP-level market 60438

• Active inventory: 132
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,594 high
• Mortgage (P&I): −$257
• Tax est. 1.5%: −$61 /mo · $735/yr
• Insurance: −$20
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $461

Break-even live

Break-even rent $1,011

Max offer price $49,000

Occupancy floor 66%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $12,250
• Closing costs: $1,470
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3649 173rd Ct Lansing, IL	2.0	2.0	972	$1,357	$1.40	24d	1	0.25mi
1539 Wentworth Ave Unit 3W Calumet City, IL	3.0	1.0	1100	$1,700	$1.55	12d	1	0.41mi
3069 Bernice Rd Apt 2N Lansing, IL	3.0	1.0	950	$1,535	$1.62	20d	1	0.79mi
3069 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	950	$1,535	$1.62	3d	1	0.79mi
3023 Bernice Rd Apt 2S Lansing, IL	3.0	1.0	1000	$1,600	$1.60	1d	1	0.85mi
1338 Wentworth Ave Unit 1338 Calumet City, IL	2.0	1.0	800	$1,430	$1.79	24d	1	0.89mi
1312 Gordon Ave Calumet City, IL	2.0	1.0	1134	$1,600	$1.41	7d	1	1.04mi
3020 178th St Unit C1 Lansing, IL	2.0	1.0	900	$1,550	$1.72	1d	1	1.10mi
3020 178th St Apt C7 Lansing, IL	2.0	1.0	900	$1,550	$1.72	24d	1	1.10mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	24d	1	1.24mi
407 Kenwood St Hammond, IN	2.0	1.0	920	$1,495	$1.62	17d	1	1.24mi
17723 Exchange Ave Unit 17723-1N Lansing, IL	3.0	2.0	1100	$1,800	$1.64	1d	1	1.38mi
7234 Columbia Ave Hammond, IN	2.0	1.0	960	$1,300	$1.35	24d	1	1.43mi
7129 Columbia Ave Unit 1E Hammond, IN	2.0	1.0	900	$1,195	$1.33	11d	1	1.46mi

Listing history 50 events

1. 2026-06-18
   days on market $49,000 Active 124 DOM
2. 2026-06-17
   days on market $49,000 Active 123 DOM
3. 2026-06-16
   days on market $49,000 Active 122 DOM
4. 2026-06-15
   days on market $49,000 Active 121 DOM
5. 2026-06-13
   days on market $49,000 Active 119 DOM
6. 2026-06-09
   days on market $49,000 Active 115 DOM
7. 2026-06-08
   days on market $49,000 Active 114 DOM
8. 2026-06-07
   days on market $49,000 Active 113 DOM
9. 2026-06-04
   days on market $49,000 Active 110 DOM
10. 2026-06-03
    days on market $49,000 Active 109 DOM
11. 2026-06-02
    days on market $49,000 Active 108 DOM
12. 2026-06-01
    days on market $49,000 Active 107 DOM
13. 2026-05-31
    days on market $49,000 Active 106 DOM
14. 2026-02-13
    listed $49,000 Active
15. 2026-02-09
    historical
16. 2025-12-08
    price
17. 2025-07-23
    listed Active
18. 2024-02-23
    soldstatus $31,500 Closed 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

19. 2023-11-09
    status Pending 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

20. 2023-11-03
    status Active 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

21. 2023-10-30
    status Pending 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

22. 2023-10-12
    price $31,500 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

23. 2023-09-19
    status Active 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

24. 2023-09-07
    status Pending 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

25. 2023-08-23
    price $32,500 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

26. 2023-08-15
    price $34,000 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

27. 2023-08-10
    status Active 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

28. 2023-08-10
    price $39,000 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

29. 2023-07-11
    status Pending 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

30. 2023-07-05
    price $42,000 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

31. 2023-06-29
    price $42,500 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

32. 2023-06-21
    price $44,400 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

33. 2023-06-14
    price $49,000 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

34. 2023-06-08
    price $54,000 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

35. 2023-05-25
    listed $59,000 Active 534-char remark

    Show marketing remark (534 chars)

    Tear down and build new on a large beautiful lot in Lansing. sold as-is due to condition. Not bank owned and not a short sale. very quiet neighborhood. PLEASE NOTE: THE VILLAGE CLAIMS THE PROPERTY IS IN A FLOOD ZONE AND WILL NEED TO BE REBUILT AND RAISED ABOUT A FOOT UPON REBUILDING. 0% TAX PRORATIONS ARE OFFERED, THE SELLER WILL PAY CURRENT AND ALL PRIOR TAX BUT 0% CREDIT FOR FUTURE BILLS. SPECIAL WARRANTY DEED AT CLOSING. NO SURVEY. FOR FASTER RESPONSE PLEASE USE SELLERS CONTRACT, ADDENDUM AND DISCLOSURES UNDER DOCUMENTS

36. 2021-10-28
    status Pending
37. 2021-10-27
    historical
38. 2021-10-25
    price
39. 2021-10-18
    listed Active
40. 2015-03-31
    soldstatus $25,000 Closed Sale
41. 2015-03-12
    status Pending
42. 2015-03-06
    historical Contingent
43. 2015-02-20
    price $25,900
44. 2015-01-09
    listed $29,900 New
45. 2015-01-03
    historical
46. 2014-12-03
    listed New
47. 2014-11-30
    historical
48. 2014-10-25
    price
49. 2014-09-19
    price Price Change
50. 2014-08-04
    listed New

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone AE · 27% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,133
• − Mortgage interest: −$2,745
• − Property taxes: −$735
• − Insurance: −$5,770
• − Repairs & maintenance: −$1,531
• − Management: −$1,531
• − Depreciation: −$1,425
• Taxable income: $5,397
• Est. tax owed @ 24.0%: −$1,295
• After-tax cash flow: $4,232/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Thornton Fractional Twp Hsd 215
• NCES district ID: 1738940
• Math proficiency: 9% ▼ -3.00%
• Reading proficiency: 13% ▼ -3.00%
• Median HH income: $48,207
• Composite: 10.27/100
• National rank: #9793
• State rank: #563 of 620 in IL

Livability — Lansing

• Score: 73/100
• State rank: #296
• US rank: #5698

Category grades

Amenities F Commute A+ Cost of living A+ Crime D+ Employment C+ Housing A+ Health & safety D+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lansing, IL
• County: Cook County · 4,486,803 people
• City population: 28,806
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• Population (ZIP): 28,806
• Household income: $75,681
• Rent vs Own: 27.7% rent · 72.3% own
• Severe rent burden: 830.0

Population outlook (Cook County) Hauer SSP2

• Today (2025): 5,347,519 people
• By 2030: 5,357,703 · +0.2%
• By 2040: 5,324,924 · -0.4%
• By 2050: 5,230,762 · -2.2%
• By 2075: 4,785,735 · -10.5%
• By 2100: 4,188,836 · -21.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 51% White 25% Hispanic / Latino 18% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Romanian 5% Iranian 3% Lithuanian 1%
• Foreign-born: 10% · Canada
• Languages at home: 83% English-only · Spanish 12% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Cook

• 2024 margin: Solid D (+42.0) · D 70.4% · R 28.4% · Other 1.2%
• 2008→2024 swing: -11.4pp toward R · 2008: 53.4pp · 2024: 42.0pp
• All cycles: 2024: D+42.0 2020: D+50.3 2016: D+53.0 2012: D+49.4 2008: D+53.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -151.65%
• Current HPI: 210.3398
• Rent YoY: —
• Metro: Chicago-Naperville-Elgin, IL-IN-WI
• State GDP YoY: ▲ 1.59%
• F500 in state: 60

Industry mix (Fortune 500 HQ in IL)

Industry	F500 HQs	Revenue
▸Insurance	4	$201B
▸Consumer Goods	4	$87B
▸Industrial Machinery	3	$64B
▸Healthcare	2	$55B
▸Retail / Pharmacy	1	$148B
▸Agriculture / Food	1	$86B

Price history

+40.0% since first listed

41 events — show timeline

• 2026-02-13 Listed $49,000 MRED as Distributed by MLS Grid
• 2026-02-09 Listing Removed — MRED as Distributed by MLS Grid
• 2025-12-08 Price Changed — MRED as Distributed by MLS Grid
• 2025-07-23 Listed — MRED as Distributed by MLS Grid
• 2024-02-23 Sold (MLS) $31,500 MRED as Distributed by MLS Grid
• 2023-11-09 Pending — MRED as Distributed by MLS Grid
• 2023-11-03 Relisted — MRED as Distributed by MLS Grid
• 2023-10-30 Pending — MRED as Distributed by MLS Grid
• 2023-10-12 Price Changed $31,500 MRED as Distributed by MLS Grid
• 2023-09-19 Relisted — MRED as Distributed by MLS Grid
• 2023-09-07 Pending — MRED as Distributed by MLS Grid
• 2023-08-23 Price Changed $32,500 MRED as Distributed by MLS Grid
• 2023-08-15 Price Changed $34,000 MRED as Distributed by MLS Grid
• 2023-08-10 Relisted — MRED as Distributed by MLS Grid
• 2023-08-10 Price Changed $39,000 MRED as Distributed by MLS Grid
• 2023-07-11 Pending — MRED as Distributed by MLS Grid
• 2023-07-05 Price Changed $42,000 MRED as Distributed by MLS Grid
• 2023-06-29 Price Changed $42,500 MRED as Distributed by MLS Grid
• 2023-06-21 Price Changed $44,400 MRED as Distributed by MLS Grid
• 2023-06-14 Price Changed $49,000 MRED as Distributed by MLS Grid
• 2023-06-08 Price Changed $54,000 MRED as Distributed by MLS Grid
• 2023-05-25 Listed $59,000 MRED as Distributed by MLS Grid
• 2021-10-28 Pending — MRED as Distributed by MLS Grid
• 2021-10-27 Listing Removed — MRED as Distributed by MLS Grid
• 2021-10-25 Price Changed — MRED as Distributed by MLS Grid
• 2021-10-18 Listed — MRED as Distributed by MLS Grid
• 2015-03-31 Sold (MLS) $25,000 MRED as Distributed by MLS Grid
• 2015-03-12 Pending — MRED as Distributed by MLS Grid
• 2015-03-06 Contingent — MRED as Distributed by MLS Grid
• 2015-02-20 Price Changed $25,900 MRED as Distributed by MLS Grid
• 2015-01-09 Listed $29,900 MRED as Distributed by MLS Grid
• 2015-01-03 Listing Removed — MRED as Distributed by MLS Grid
• 2014-12-03 Listed — MRED as Distributed by MLS Grid
• 2014-11-30 Listing Removed — MRED as Distributed by MLS Grid
• 2014-10-25 Price Changed — MRED as Distributed by MLS Grid
• 2014-09-19 Price Changed — MRED as Distributed by MLS Grid
• 2014-08-04 Listed — MRED as Distributed by MLS Grid
• 2004-10-15 Sold (Public Records) $107,000 Public Records
• 2000-04-13 Sold (Public Records) $86,000 Public Records
• 1992-03-06 Sold (Public Records) $62,000 Public Records
• 1987-11-02 Sold (Public Records) $35,000 Public Records

Property tax history

+3.3%/yr

Latest (2023): $6,208 · +159.5% YoY. Source: county tax records.